The Declining Price of Crude Oil: Broad Impacts Across the Economic and Fixed Income Landscape
November 23, 2014 at 07:00 AM EST
The sharp and sudden drop in the price of crude oil over the last few months caught many market participants by surprise. This decline has broad impacts for the economy and, more specifically, the bond market. As measured by the price of WTI (West Texas Intermediate), the price of oil has fallen...